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On March 1 , 2 0 2 4 , Indigo Co . paid $ 3 , 7 2 0 to Shamrock Insurance for a one
On March Indigo Co paid $ to Shamrock Insurance for a oneyear insurance policy. Indigo Co has a December fiscal year end and adjusts accounts annually. Complete the following for Indigo Co
Prepare the March journal entry for the purchase of the insurance. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles and enter for the amounts. List debit entry before credit entry.
tableDateAccount Titles and Explanation,Debit,CreditMar
Calculate the amount of insurance that expired during and the unexpired cost at December
Amount expired in
$
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